Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded

Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and

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Why Did Gold & Silver Break Down Just as Fed Hike Bets Faded

Macro Snapshot: The rate backdrop eased during the week ending 23 October, which makes the metals’ slide harder to explain. CME FedWatch odds of a hike at the 27 to 28 October FOMC meeting had settled near one in three on 14 October, after the 3.7% September CPI print, and stood at 9.4% by 23 October. December hike odds slipped from about 90% to close to 80%. The 10-year Treasury yield closed at 5.00% against 5.09% a week earlier, and

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Alrosa Readies Clients for New Contract Period

Moscow: Russian diamond miner Alrosa briefed its long-term clients last week on the requirements for its new three-year contract period, which begins in 2018. To determine whether clients qualify for the “Alrosa Alliance” program, the company will evaluate their applications and assess their cooperation during the current contract period, the miner said. Alrosa — the largest diamond producer by volume

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India’s Supreme Court Won’t Try for ‘Kohinoor’

New Delhi: India’s Supreme Court has told officials pushing for fresh attempts to bring the priceless Koh-i-Noor diamond, now part of the British crown jewels, that it cannot interfere in the diplomatic process nor can it direct another country to not auction the gem. The 105-carat Koh-i-Noor diamond, which came into British hands in the mid-19th Century, has been on

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Zimbabwe Opposes New 'Conflict Diamonds' Definition

Harare: Zimbabwe said it will not support the civil society’s sponsored move to expand the definition of conflict diamonds to include issues such as human rights. Mines minister Walter Chidhakwa told Rough & Polished that Harare engaged the South Africans on the sidelines of the African Mining Indaba last February and they also indicated their discomfort with the overhaul of

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GJEPC-ALROSA Agree to Collaborate on Multiple Fronts

Mumbai: India’s Gem & Jewellery Export Promotion Council (GJEPC) and ALROSA have agreed to work together more closely for resolution of a number of issues facing the diamond industry, following a recent meeting at the ALROSA headquarters in Moscow that GJEPC Chairman Praveenshankar Pandya had with newly appointed ALROSA president Sergey Ivanov and Vice Presidents Yuri Okoyomov and Andrey Polyakov.

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IGM Appoints Nirakar Chand as MD of BullionX

Mumbai: India Gold Metaverse (IGM) today announced the appointment of former CEO of Diamond India Ltd., Mr. Nirakar Chand, as the Managing Director of its bullion market vertical, BullionX™, which is a technology-enabled ecosystem for modern bullion markets. Earlier in his career, Mr. Chand had spent 22 years at State Bank of India (SBI) — 6 years in Bullion and

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CIBJO Unveils Artworks of Reena Ahluwalia Celebrating Centenary Year

Vicenza: As a highlight of the opening day of the 2026 CIBJO Congress, that began on the 4th September, 2026 in Vicenza (Italy), two dedicated creations by the noted Canadian visual artist Reena Ahluwalia, celebrating the Centenary Year of the World Jewellery Confederation (WDC) were unveiled. Both creations were donated to the collection of the Museo del Gioiello –the jewellery

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Senco Gold with Olocker Provide Jewellery Insurance

Mumbai: Senco Gold & Diamonds has partnered with Olocker, India’s first dedicated jewellery insurance platform, to offer free jewellery insurance to its customers, protecting purchases against risks such as snatching, robbery, and housebreaking. On the surface, it’s a simple value-add: buy jewellery from Senco, get it insured, at no extra cost. But the thinking behind it is more personal —

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CIBJO Centenary Congress Calls for Standards, Sustainability & Consumer Confidence

Vicenza: The 2026 CIBJO Centenary Congress opened in Vicenza with welcome addresses from Italian government and industry leaders, who congratulated the World Jewellery Confederation on its first 100 years and highlighted the importance of standards, sustainability and consumer confidence to the global gems and jewellery industry. The congress, being held at the Fiera di Vicenza during the VICENZAORO jewellery show,

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